Renold works to cut costs amid Covid crisis
16th Jun 2020 08:27
(Sharecast News) - Industrial chains and power transmission products supplier Renold reported a fall in revenue to £189.4m in its final results on Tuesday, from £199.6m year-on-year.
Read moreRenold warns of 'direct impact' to operations from coronavirus
28th Feb 2020 09:59
(Sharecast News) - Power transmission products supplier Renold warned on Friday that some "challenging market conditions" and the outbreak of the Wuhan coronavirus would have a direct impact on certain facets of operations.
Read moreRenold loss increases as lower demand holds revenue back
13th Nov 2019 15:27
(Sharecast News) - Renold on Wednesday reported a slight drop in interim profits and said revenue had remained flat due to a challenging economic backdrop.
Read moreRenold on track despite continued market deterioration
14th Oct 2019 10:59
(Sharecast News) - Industrial chain and power transmission products supplier Renold said it remained on course to deliver a full-year result in line with its expectations on Monday, noting its ongoing focus on operational efficiency was helping to offset the impact of a challenging market environment.
Read moreRenold investigation finds 'intentional' mis-statement of accounts
27th Aug 2019 07:45
(Sharecast News) - Industrial chains supplier Renold said on Tuesday that it had completed the investigation into historical accounting issues at its gears business, which found that there had been an "intentional misstatement of results at a local level".
Read moreChain division boosts profits at Renold
28th May 2019 13:02
(Sharecast News) - Renold posted a rise in full-year operating profit and revenue on Tuesday thanks to strong growth in its chain division.
Read morePeel Hunt picks 'doublers' for the next 2-3 years
18th Dec 2018 11:09
(Sharecast News) - Peel Hunt has named 29 companies it believes will double in value in the next two to three years, including JD Sports, GoCompare and CMC Markets.
Read moreRenold on track for full year as half-year revenue rises
11th Oct 2018 09:43
(Sharecast News) - Chains manufacturer Renold said on Thursday that it was on track to deliver full-year results in line with the board's expectations, as it posted a jump in revenue.
Read moreSterling softness underpins Renold as it shutters Lille warehouse
13th Oct 2016 15:03
(ShareCast News) - Industrial chains and related power transmission products supplier Renold issued a period-end trading update for the six months to 30 September on Thursday, as well as an update on the group's STEP 2020 Strategic Plan. The London-listed company said group revenue in the period gre
Read moreRenold lifts guidance as industrial volatility eases off
14th Apr 2016 11:03
(ShareCast News) - Industrial chains and transmissions maker Renold said its full year results will be not quite as bad as indicated in a profit warning in February. At that time, Renold said annual sales would be 9% lower than the previous year and profits down 13% due to weakness in many of its en
Read moreRenold plunges after profit warning
10th Feb 2016 09:31
(ShareCast News) - Renold, the chains and power transmission specialist, warned that full year profits would be 13% lower than last year after sales in recent months were hit by weakness in many of its end markets. Sales are expected to fall 10% for the full year due to the significant volatility in
Read moreRenold jumps as interim pre-tax profit edges higher
17th Nov 2015 12:31
(ShareCast News) - Shares in Renold jumped on Tuesday, after the power transmission company producer said its interim pre-tax profit rose despite a challenging market environment. In the first six months of the year, the group posted a 4.5% year-on-year increase in pre-tax profit to £4.6m, while rev
Read moreSector movers: Rotork and Castings drag engineers lower, IMI subdued
14th Nov 2014 14:06
Industrial engineering stocks were out of favour on Friday after Rotork and Castings disappointed with results and the market gave a muted reaction to a trading update from sector peer IMI. Rotork, the actuator manufacturing and flow-control company, saw shares drop 3.8% at 2,404p in afternoon trade
Read moreRenold sees bigger than expected hit from FX
13th Oct 2014 08:52
Shares in industrial chains supplier Renold moved lower on Monday morning after the group revealed the effect of foreign exchange movements was higher than previously anticipated. Despite this, the company said expectations for full-year adjusted operating profit remained in line with current market
Read moreMonday broker round-up UPDATE
2nd Jun 2014 10:24
Anglo Pacific: FinnCap places both its target price (prev.: 216p) and its hold recommendation under review. Associated British Foods: Berenberg increases target price from 2600p to 3060p, while maintaining its hold recommendation. Barr (AG): Numis moves target price from 612p to 624p retaining a h
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